Cabot, Cabot & Forbes And Cannon Hill Capital Partners Acquire Mixed-Use Property In Somerville, MA For $142.5M

The mixed-use property at 67-75 Mystic Avenue in Somerville, MA has been sold for a total price of $142,500,000. Spanning over 500,940 square feet, the property offers a diverse range of uses, combining residential, commercial, and possibly retail spaces. Located in Somerville, a vibrant market known for its urban amenities and proximity to Boston, this property holds great potential.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $142,500,000
• Address: 67-75 Mystic Avenue, Somerville, MA
• Market: Somerville, MA
• Buyer: Cabot, Cabot & Forbes and Cannon Hill Capital Partners
• Seller: I-93 Somerville, LLC
• Seller's Rep: David Smookler & Peter Considine - Atlantic Retail
• Square Footage: 500,940
• Price Per Square Foot: $284

The sale of this mixed-use property was facilitated by David Smookler and Peter Considine of Atlantic Retail, acting as the seller's representatives. The buyers, Cabot, Cabot & Forbes and Cannon Hill Capital Partners, recognized the value and potential of this asset, making it a significant transaction in the Somerville market. With its strategic location and diverse offerings, the property presents opportunities for various development possibilities.